• notTheGirlFromReddit@feddit.de
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    1 year ago

    When my last parent dies, almost half of their property value goes to tax, the rest I’d split with siblings

    Where do you live of I may ask? In Germany, even assuming a laughably expensive property worth 2 million EUR and without any tax optimizations, with 2 siblings you’d have to pay a bit below 30k EUR in taxes and receive property worth 667k EUR per child. If you got the property worth 2 million only yourself, you’d have to pay around 300k in taxes max.